Small Business Rate Relief Scheme

This scheme is designed to support smaller businesses, by offering a reduced Business Rate charge.

Eligibility

This relief is only available to ratepayers who apply to Richmond Council and who occupy either:

  • One property, or
  • One main property and other additional properties providing those additional properties each have a rateable value which does not exceed £2,899.

Relief will be applicable if the rateable value of your main property is below £51,000, and secondary properties (in England) have an individual rateable value of below £2,900, or are empty, and the total combined rateable values of all occupied property is below £28,000.

If you are eligible for Charitable Relief for your property, you will receive this instead of Small Business Rate Relief.

Rate relief for eligible businesses

Eligible businesses with rateable values of below £12,000 receive 100% rate relief on their liability. This relief decreases on a sliding scale of 1% for every £30 of rateable value over £12,000, up to £15,000.

Eligible businesses with rateable values of between £15,001 and £50,999 will have their liability calculated using the small business multiplier.

  • The Small Business Rate multiplier is 48.4p (46.6p for 2017/18)
  • The Standard Rate multiplier is 49.7p (47.9p for 2017/18)

Small businesses already receiving relief will be able to continue to receive it without needing to reapply following the 2017 revaluation (or subsequent revaluations), as long as that they remain eligible for it.

Change in circumstance

You must tell us in writing if the rateable value of any property you occupy in another council area increases.

If you occupy any property which is not mentioned on your previous application for relief, you must make a new application.

If your change in circumstances is such that you are no longer eligible for the relief, your entitlement will end from the date of the change.

How to apply

To apply for the scheme you must download and complete our Small Business Rate Relief application form (pdf, 164 KB).

Please send your completed application form to the Business Rates Team at Civic Centre, 44 York Street, Twickenham, TW1 3BZ

Updated: 24 August 2017